Wall Street Falls as Treasury Yields Surge, Oil Rebounds on Iran Tensions 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
US Dollar Hits Two-Month High as Fed Rate Hike Bets Rise 
Asian Stocks Mixed Ahead of Trump-Xi Meeting 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
U.S. 10-Year Treasury Yield Hits 2007 High as Fed Rate Hike Bets Rise 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
South Korea, US Discuss Warship Building Cooperation 
US, China Extend Trade Truce to Jan. 10 Ahead of Trump-Xi Summit 
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The Australian government bonds suffered during Asian trading session Friday tracking a similar movement in the United States Treasuries on burgeoning hopes of a trade deal amid softer demand at a 30-year auction.
The yield on Australia’s benchmark 10-year note, which moves inversely to its price, edged nearly 1 basis point higher to 1.165 percent, the yield on the long-term 30-year bond surged nearly 2 basis points to 1.768 percent while the yield on short-term 2-year hovered around 0.912 percent by 04:20GMT.
Global risk appetite were aided by ECB’s bazooka easing and market talk that Trump advisers are considering an interim China trade deal to delay tariffs in exchange for Chinese commitments on intellectual property and agricultural purchases, OCBC Treasury Research reported.
"In G10 space, expect the EUR/USD to be neutral in the near term as markets attempt to digest the ECB’s latest package of measures. Meanwhile, look for USD/JPY to continue its ascent as US yields recover while the likes of the AUD may derive implicit support on the back of expectations of ‘friendly’ Sino-US trade headlines in the coming weeks," OCBC Treasury Research commented in a separate report.
Meanwhile, the S&P/ASX 200 index slipped -0.10 percent to 6,664.50 by 04:30GMT.
